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120
Nov 29, 2012
11/12
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obama is flexible of highest tax rates. and what it says is that it's not so much that he won't sign anything, it's more of how high the tax rates would go. so does that -- how do you see that? how do you reed that? caller: i would really be disappointed in that, because he's been fighting for that since the beginning. he relented a few years ago in order to save the unemployment insurance for the unemployed people and some other stipulations that were being held hostage by the g.o.p. but he doesn't have to do that any more. and right after he did that, they called that his tax breaks for the wealthy. and he absolutely didn't want to do that. but he felt compeled to to save the people who really needed help. he doesn't need to do that now. those same people that needed that help, they realized that he did that for him. if all of the tax rates go up, and i'm one of those below $40,000, all of the tax rates go up, i'd be willing to sacrifice just so the black mail can't continue. host: all right fran, thank you for calling in
obama is flexible of highest tax rates. and what it says is that it's not so much that he won't sign anything, it's more of how high the tax rates would go. so does that -- how do you see that? how do you reed that? caller: i would really be disappointed in that, because he's been fighting for that since the beginning. he relented a few years ago in order to save the unemployment insurance for the unemployed people and some other stipulations that were being held hostage by the g.o.p. but he...
126
126
Dec 5, 2012
12/12
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president obama wants it to go back to the 20% rate. dividend taxes are on dividends that are paid out by companies. george w. bush wanted to follow parity, that they should be taxed at the same rate. what would happen when the tax rates expire, the capital gains rate would go up 20%. the dividend rate would go to 39.6%. there would be a big gap there. they want to maintain that parity and to find something between 50% and almost 40% -- 15% and almost 40%. why is this a battle? guest: it is a big deal for the fight over income inequality. democrats have long targeted the capital gains tax as something that makes the tax code less regressive and increases in a quality. a lot of wealthy people make money through investments. it is a big issue for corporations and investors who feel corporations are already taxed and you're essentially putting another tax. host: who pays the capital gains tax? guest: if you buy a stock and make money, you are paying it. it tends to hit upper income earners more. anybody in the stock market will be paying t
president obama wants it to go back to the 20% rate. dividend taxes are on dividends that are paid out by companies. george w. bush wanted to follow parity, that they should be taxed at the same rate. what would happen when the tax rates expire, the capital gains rate would go up 20%. the dividend rate would go to 39.6%. there would be a big gap there. they want to maintain that parity and to find something between 50% and almost 40% -- 15% and almost 40%. why is this a battle? guest: it is a...
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149
Nov 30, 2012
11/12
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she has gone more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive applica
she has gone more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive applica
149
149
Dec 4, 2012
12/12
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guest: because of the rate structure. the rate between $200,000 and $500,000 are at least as high, and if not higher. your capital gain an income tax are subject to a 22% effective tax rate. if you're making more than $1 million, they're subject to a 15% rate. you have this weird double break. it raises a lot of money, but in a fairly arbitrary fashion. host: philip. michigan. democratic caller. caller: thank you. this is not so much a tax question. i used to work for a food company in 1972 that was very large, employing 3000 or more, closing in 1985. people here have lost their jobs. why does the government not do something to cut their jobs? for instance, do we really need the cia, the federal marshals here and there? why do they not get the federal bureau to cover everything? host: that is philip's idea. on twitter, a follow-up with the small-business owner we heard from, saying they eliminated business averaging which is hopeful to small businesses with fluctuating income. guest: it guest: under income averaging, if y
guest: because of the rate structure. the rate between $200,000 and $500,000 are at least as high, and if not higher. your capital gain an income tax are subject to a 22% effective tax rate. if you're making more than $1 million, they're subject to a 15% rate. you have this weird double break. it raises a lot of money, but in a fairly arbitrary fashion. host: philip. michigan. democratic caller. caller: thank you. this is not so much a tax question. i used to work for a food company in 1972...
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150
Dec 7, 2012
12/12
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that is when president obama extended all of the bush tax cut rates that are about to expire. host: we want to get the first question from cindy on twitter. sen the it's the exact dynamic that is a problematic in this. -- guest: cindy it's the exact problem as a problematic. it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security disability. as people start to exhaust their unemployment benefits, they apply for disability. that is a good program designed for people who are unable to work. as more and more people who can work apply for it, that drains the resources. once they get on that, they do not get back into the workforce. we see the trust fund set to hit insolvency in 2016. host: we will go first to tim from carolina on the republican line. caller: good morning. how are you? i would like to ask a question. how can the government extend unemployment benefits to the tune of -- it seems like unlimited when the
that is when president obama extended all of the bush tax cut rates that are about to expire. host: we want to get the first question from cindy on twitter. sen the it's the exact dynamic that is a problematic in this. -- guest: cindy it's the exact problem as a problematic. it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security...
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106
Dec 6, 2012
12/12
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he is visiting in northern virginia family to highlight his call for expanding current tax rates to all but the top 2% of earners. the president spoke with john boehner yesterday, signaling the possible start of fresh talks to avoid these so-called fiscal cliff. these are some of the latest headlines on c-span radio. "washington journal" continues. host: phone numbers are up on the screen. we're going to go through the papers. no congress today. they're up for the weekend. they're scheduled adjournment date is december 14. everyone has an opinion and a fun little betting game, when will they adjourn, what will they do before they adjourn, what is going to happen? i'm going to go through a couple of papers before we get to your calls. this is the lead story in the "l.a. times" class morning. port strike part of a bigger fight. the eight-day strike that crippled one of the world's busiest ports reflected a clash that is playing out across the global shipping industry as ports and their unionized work forces gird for an era of briskly expanding foreign trade. the strike that shut down the
he is visiting in northern virginia family to highlight his call for expanding current tax rates to all but the top 2% of earners. the president spoke with john boehner yesterday, signaling the possible start of fresh talks to avoid these so-called fiscal cliff. these are some of the latest headlines on c-span radio. "washington journal" continues. host: phone numbers are up on the screen. we're going to go through the papers. no congress today. they're up for the weekend. they're...